The Minister of Finance and Treasury Trevor Mahaga has declared an eight (8%) percent crediting rate for all Solomon Islands National Provident Fund (SINPF) members on Tuesday 30th September 2025.
This is for the Financial Year ending 30th June 2025.
The occasion to declare the annual interest rate was held at the Heritage Park Hotel in Honiara around lunch time.
This is a positive crediting rate when measured against country’s economic challenges, it was highlighted.
This latest interest rate was credited to all members accounts as of Tuesday afternoon – 30 September 2025 soon after the declaration was made.
Members are expected to see an increase in their balances of Tuesday night, one SINPF staff told Solomon Star.
As part of the fund’s annual announcement, the minister also announced a special death benefit (SDB) of $10, 000.
This is an increase of $1500 from the 2024 amount – $8500, he said.
The SINPF Board had met earlier on Tuesday morning to consider the 2025 annual crediting rate before issuing the approval to award its members.
Michael Wate SINPF General Manager and Chief Executive Officer (CEO) also took the time to share the Fund’s performance over the past 12 months which has seen positive performance and returns through its current and new investment portfolios.
Chairman of the SINPF Sir Dr Jimmie Rodgers who also spoke at the occasion said, this is a very important event in the Calendar of the Fund that all members look forward to every year.
He said, as the chairman he was pleased and proud to see another year of reasonable performance which benefits the members.
Sir Rodgers highlighted that, it does not come easy to achieve such positive returns and he acknowledged some of the state owned enterprises and NPF subsidiaries for their contribution towards SINPF.
He stressed that through these investments members are benefiting from the financial returns.
Some of these subsidaries and investments included; Home Finance, SolTuna, Our Telekom, Heritage Park, King Solomon Hotel, South Pacific Oil Limited and others.
Minister Mahaga took the time to acknowledge the Board, Management and Staff of SINPF for looking after the members funds over the past years despite the challenges they’ve encountered.
He said, it’s a great responsibility to look after the funds over the years which continues to grow and will continue to benefit the members in the years to come.
Soon after the declaration many members have expressed their excitement with the award.
Some said, the bonus is free money from NPF and that’s why its important to invest in NPF and also support its investment in the country.
The previous interest rates since 2020 are below;
2025 – 8%
2024 – 4%
2023 – 6%,
2022 – 2.65%,
2021 – 6%,
2020 – 3.7%Photo caption: Members of the board.
